Eastern Gold Rush: How Chinese Traders Are Reshaping the Global Bullion Market Chinese traders and investors have emerged as a dominant force in the global gold market, driving prices to record highs in early 2024. This shift in market dynamics has seen Chinese speculators on the Shanghai Futures Exchange and Shanghai Gold Exchange significantly increase their trading volumes and open interest in gold futures. Meanwhile, Western investors, particularly in the U.S., have been reducing their gold holdings. This trend highlights a growing Eastern influence on gold prices, potentially setting the stage for further price increases as Chinese demand continues to surge, despite reduced interest from traditional Western market participants. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts February Sees First Drop in Consumer Confidence Since November, Signaling Economic Unease READ MORE Federal Reserve Shows Little Urgency to Cut Interest Rates READ MORE Rise in Hong Kong Jewelry Market, Exports Up 6% in Early 2024 READ MORE Beware of Synthetic Gold! READ MORE NYSE Resolves Software Glitch After Erroneous 99% Stock Drop Displays READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment